Huntington National Bank 2011 Annual Report Download - page 114

The following table presents the $1.7 billion, or 5%, increase in average total loans and leases:
Table 47 — Average Loans/Leases — 2011 Fourth Quarter vs. 2010 Fourth Quarter
Fourth Quarter Change
2011 2010 Amount Percent
(dollar amounts in millions)
Average Loans/Leases
Commercial and industrial ..................... $14,219 $12,767 $1,452 11%
Commercial real estate ........................ 5,958 6,798 (840) (12)
Total commercial ............................... 20,177 19,565 612 3
Automobile ................................. 5,639 5,520 119 2
Home equity ................................ 8,149 7,709 440 6
Residential mortgage .......................... 5,043 4,430 613 14
Other consumer .............................. 511 576 (65) (11)
Total consumer ................................ 19,342 18,235 1,107 6
Total loans/leases ................................. $39,519 $37,800 $1,719 5%
The increase in average total loans and leases reflected:
• $1.5 billion, or 11%, increase in average C&I portfolio. Growth from the year-ago quarter reflected the
benefits from our strategic initiatives focusing on large corporate , asset based lending, business banking,
automobile floor plan lending, and equipment finance. Traditional middle-market loans continued to grow
despite line utilization rates that remained well below historical norms.
• $0.6 billion, or 14%, increase in average residential mortgages.
Partially offset by:
• $0.8 billion, or 12%, decrease in average CRE loans, reflecting the continued execution of our plan to
reduce this exposure, primarily in the noncore CRE segment. This reduction is expected to continue at a
slower pace.
The following table details the $1.9 billion, or 5%, increase in average total deposits:
Table 48 — Average Deposits — 2011 Fourth Quarter vs. 2010 Fourth Quarter
Fourth Quarter Change
2011 2010 Amount Percent
(dollar amounts in millions)
Average Deposits
Demand deposits: noninterest-bearing ............ $10,716 $ 7,188 $ 3,528 49%
Demand deposits: interest-bearing ............... 5,570 5,317 253 5
Total demand deposits .......................... 16,286 12,505 3,781 30
Money market deposits ....................... 13,594 13,158 436 3
Savings and other domestic deposits ............. 4,706 4,640 66 1
Core certificates of deposit ..................... 6,769 8,646 (1,877) (22)
Total core deposits ............................. 41,355 38,949 2,406 6
Other deposits ................................. 2,249 2,755 (506) (18)
Total deposits ................................... $43,604 $41,704 $ 1,900 5%
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